If the Demand Curve for Bikes Shifts Leftward and the Supply

question 341

Multiple Choice

If the demand curve for bikes shifts leftward and the supply curve for bikes shifts rightward, the equilibrium

• A) price of bikes definitely increases.
• B) price of bikes definitely decreases.
• C) quantity of bikes definitely increases.
• D) quantity of bikes definitely decreases.

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Definitions:

Psychological Aspects

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Relating to how something is seen or understood by an individual based on their own views or senses.

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